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Nov 29, 2012
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gladly agree to spending cuts later for tax increases now. republicans have been rolling over on these kinds of deals since as long as i've been able to remember. since i was in garanimals with reagan and tip o'neill and the democrats then were promising spending cuts that never came, through george bush and george mitchell who came away from a similar deal with a big smirk on his face and no spending cuts. i think it's about time republicans stop rolling over and falling for these deals. please, because why do we have a republican party if they don't say no? >> steve: sure. and we've been talking about how the atmosphere on capitol hill officially with the big negotiators has been kind of gloomy. politico, the lefty blog, says that inside the talks with the people who are doing a lot of talks, contours of a deal including the size of tax hikes and spending cuts, it will contain are starting to take shape. so it does sound like even though both sides are still strident in what they don't want to give up, sounds like behind the scenes they're
gladly agree to spending cuts later for tax increases now. republicans have been rolling over on these kinds of deals since as long as i've been able to remember. since i was in garanimals with reagan and tip o'neill and the democrats then were promising spending cuts that never came, through george bush and george mitchell who came away from a similar deal with a big smirk on his face and no spending cuts. i think it's about time republicans stop rolling over and falling for these deals....
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Nov 29, 2012
11/12
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FBC
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>> the danger is that obama overreaches maandate and misunderstands. four years ago he misread his mandate and he took a 70 perct approval rating and drove it down below 50 in a matter of months by spending too much money. he thought he was so popular he could do anything. lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in spending. but what in the world by these folks to do on capitol hill? >> here is my argument. the first thing the republicans need to do is insist that the negotiations be in front of c-span so that the american people can see what obama is and is not doing until that happens, obaa can keep misrepresen
>> the danger is that obama overreaches maandate and misunderstands. four years ago he misread his mandate and he took a 70 perct approval rating and drove it down below 50 in a matter of months by spending too much money. he thought he was so popular he could do anything. lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts...
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Nov 29, 2012
11/12
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FOXNEWSW
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nobody is saying cut the size and scope of the government. >> that's right. president obama for at least two years now, maybe longer, has always been talking about a balanced approach to t deficit. when he talks about balanced approach, he means tax revenue and cutting spending, however the only part of the conversation we're having is about tax revenue. no conversation whatsoever about the spending part of this equation. that's because he has no intention of cutting spending. >> sean: senator chambliss is clear, it's increasing revenue, getting more money from the american taxpayer. isn't that a tax? >> yes. what they fail to see or don't want to see or acknowledge this country doesn't have a revenue problem. there's plenty of revenue coming into the treasury. remember the "t" in tea party stands for tax enough already. we have a severe spending problem. before barack obama became president, sean, federal government spending was about 18%, 19% of gdp. barack obama and the democrats have pushed it up to 24% to 25%. >> we're talking about spending more money t
nobody is saying cut the size and scope of the government. >> that's right. president obama for at least two years now, maybe longer, has always been talking about a balanced approach to t deficit. when he talks about balanced approach, he means tax revenue and cutting spending, however the only part of the conversation we're having is about tax revenue. no conversation whatsoever about the spending part of this equation. that's because he has no intention of cutting spending. >>...
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Nov 29, 2012
11/12
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CNNW
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cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all taxpayers. >> in my view, we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of discussion right now. continue to fight against any rate increases, continue to try to work honestly for a much bigger deal. >> congressman cole joins us shortly. a rock rib conservative. chair of the national republican congressional committee, and he's no longer a lone voice in the wilderness. the staunchly conservative editorial page of "the wall street journal" is on board as well. i'm quoting now. the fact is that republicans face a new polit
cliff, where all bush era tax cuts on all tack tax brackets expire at the ends of the year. the election, popular opinion and more give president obama a lot of clout right now. and you can agree or disagree with the president's policy. that's for you to decide. republican congressmen tom cole of oklahoma disagrees stronsly. at the same time, he recognizes the political reality that all tax cuts will expire on january 1st and no one wants to raise taxes on what would amount to 98% of all...
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Nov 29, 2012
11/12
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CNBC
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if they don't see anything substantive, then there will be concerns about cuts, rate cuts in the credit standing of the united states. that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last couple of days the nasdaq has managed to move into positive territory for the month of november, back above 3,000. today one of the biggest movers is research in motion getting an upgrade at goldman sachs. one of the firms that sees them perhaps getting some traction with the blackberry 10 rollout in 2013. apple up today as well, up more than 1%. look what's happened this month. nasdaq composite has moved up without the help of apple. apple on track fo
if they don't see anything substantive, then there will be concerns about cuts, rate cuts in the credit standing of the united states. that's what they're going to be worried about. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance....
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Nov 29, 2012
11/12
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FBC
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obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24 places. speed was caused by americans failing to limit obama to four years. back to you. melissa: thank you so much, thanks they want to tweet hash tag bad ideas. thank you, dennis. lori: what is going on? melissa: you haven't been shopping. lori: luxury jeweler not looking very pretty today. the trade at the nyse coming ahead. melissa: is andrew mason the right person to run it groupon? meeting on the troubled company's future. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. now is a good time to think about your options. are you lookin
obama irony, same people who claimed bush tax cuts are only for the rich now argue to keep them because they help the poor. and there is this one. my2k should really be somebody else's two k. they can government not to take their money and say take it from someone else. and then there is this one, y2k was caught by programmers failing to limit code 24 places. speed was caused by americans failing to limit obama to four years. back to you. melissa: thank you so much, thanks they want to tweet...
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Nov 29, 2012
11/12
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CNBC
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obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconsidering the tough line that they drew back in july of 2011 because this is a situation where i think it was kennedy who always said don't let the perfect be the enemy of the good. they were in a much better bargaining position then than they are how. that's when 3 to 1 was still on the table. >> you can't get through it house. >> yes, but the conversation has changed. and you hear republicans who have even changed. >> one guy, cole. ron johnson will tell you it has not moved. >> there are a lot of republicans signaling, yes, they think the highest income rate will go up. >> but if you can't get through the house -- a lot of people now that think and i heard it the other night that if you give the deductions now, that they'll just do rates next year. so you might as well give rates now. >> although maybe buffett was right when he talked to us yesterday and said you can have some sort of agreement that looks reasonable for the m
obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconsidering the tough line that they drew back in july of 2011 because this is a situation where i think it was kennedy who always said don't let the perfect be the enemy of the good. they were in a much better bargaining position then than they are how. that's when 3 to 1 was still on the table. >> you can't get through it...
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Nov 29, 2012
11/12
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CNNW
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he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a negotiation. >> yesterday, president obama met with corporate ceos who said that a compromise is essential to avoiding the so-called fiscal cliff. here is ceo lloyd blankfein. >> reporter: if this were easy, we wouldn't be standing here having come fabs at the white house how to achieve it. it's going to be difficult. i think what we try to do is we try to get in as good a place as we possibly can. i would rather have more of the -- more of the taxes deferred to beyond the period where the economy is weak. >> well, maybe all of this is working. markets around the world are up today, a sign of
he is being called in as president obama's point man on the fiscal cliff negotiations. he'll meet with congressional leaders this afternoon. republican representative tom cole. >> we have lots of leverage in this negotiation. nobody wants the spending cuts, particularly democrats on the domestic side to go places. this doesn't deal with that. we still have plenty of leverage in the negotiation. i actually think the american people, number one, should never be used as leverage in a...